Avery Dennison Corp (AVY) Financial Statements (2026 and earlier)

Company Profile

Business Address 8080 NORTON PARKWAY
MENTOR, OH 44060
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 267 - Converted Paper And Paperboard Products, Except (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203329215167163252
Cash and cash equivalent203329215167163252
Receivables1,5041,4661,4151,3741,4251,235
Inventory, net of allowances, customer advances and progress billings9769789211,010907717
Inventory9769789211,010907717
Other current assets308305245231240212
Total current assets:2,9903,0792,7962,7822,7352,416
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 163330   
Operating lease, right-of-use asset 216228200   
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization   1,5401,4781,344
Intangible asset, including goodwill, after accumulated amortization3,1002,7322,8632,7032,7931,361
Goodwill2,2731,9762,0141,8621,8821,136
Intangible asset, excluding goodwill, after accumulated amortization828755849840911225
Regulated entity, other noncurrent assets 151311   
Deferred income tax assets125110116115130198
Other noncurrent assets978897810811836765
Other undisclosed noncurrent assets 1,3611,3141,385   
Total noncurrent assets:5,8115,3265,4145,1695,2373,668
TOTAL ASSETS:8,8028,4048,2107,9517,9726,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5811,7041,9352,0272,0531,721
Taxes payable✕✕✕✕✕7586
Employee-related liabilities✕✕✕✕✕299239
Accounts payable1,2621,3411,2771,3391,2991,051
Accrued liabilities319364658688380345
Deferred revenue 16161822  
Debt52359262259931965
Accrued environmental loss contingencies 2511929
Other liabilities380408    
Other undisclosed current liabilities 152137113143174131
Total current liabilities:2,6542,8632,7002,8002,5481,926
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2102,5602,6222,5042,7862,052
Finance lease, liability 119781223
Other undisclosed long-term debt and lease obligation3,1992,5512,6152,4952,6391,913
Liabilities, other than long-term debt 169177154116  
Deferred revenue 2112  
Operating lease, liability 168176152114135116
Total noncurrent liabilities:3,3792,7372,7762,6192,9212,168
Total liabilities:6,0335,6005,4755,4195,4694,094
Equity
Equity, attributable to parent2,2422,3122,1282,0321,9241,485
Common stock124124124124124124
Treasury stock, value(3,904)(3,348)(3,134)(3,022)(2,660)(2,501)
Additional paid in capital834841855879862862
Accumulated other comprehensive loss(410)(456)(408)(364)(283)(350)
Retained earnings5,5985,1514,6924,4153,8813,349
Total equity:2,2422,3122,1282,0321,9241,485
Other undisclosed liabilities and equity527492607499578505
TOTAL LIABILITIES AND EQUITY:8,8028,4048,2107,9517,9726,084

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues8,8568,7568,3649,0398,4086,972
Cost of revenue
(Cost of Product and Service Sold)		(6,309)(6,225)(6,087)(6,635)(6,096)(5,048)
Gross profit:2,5462,5312,2782,4042,3131,923
Operating expenses(1,457)(1,457)(1,393)(1,339)(1,249)(1,061)
Operating income:1,0901,0748841,0661,064863
Nonoperating income (expense)(9)829234(2)
Investment income, nonoperating (23)(19)(2)14  
Other nonoperating income (expense)14273194(2)
Interest and debt expense(135)(117)(119)(84)(70)(70)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (100)(5)(6)(54)
Income from continuing operations before equity method investments, income taxes:945964695999993737
Loss from equity method investments     (4)(4)
Other undisclosed loss from continuing operations before income taxes(20)(11)    
Income from continuing operations before income taxes:925954695999989734
Income tax expense(237)(249)(192)(242)(249)(178)
Income from continuing operations:688705503757740556
Income before gain (loss) on sale of properties:✕✕✕✕✕740556
Net income available to common stockholders, diluted:688705503757740556

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:688705503757740556
Other comprehensive income (loss) (4)07513(31)
Other undisclosed comprehensive loss      
Comprehensive income:684705510763753525
Other undisclosed comprehensive income (loss), net of tax, attributable to parent51(48)(51)(87)5429
Comprehensive income, net of tax, attributable to parent:734657459676807554

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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